Revised board outcome: capital hike to Rs 15 cr, 1 cr warrants at Rs 40

Advance Multitech filed a revised board meeting outcome correcting earlier errors. Key items: Authorised capital to rise from Rs 5 crore to Rs 15 crore (1.5 crore equity shares of Rs 10). Preferential issue of up to 1 crore warrants at Rs 40 each (total about Rs 40 crore) to 120 allottees, mostly promoters and HUFs. Borrowing limit raised to Rs 100 crore, plus Rs 50 crore from directors. Main object clause altered to enter spices, food products and agro commodities. Major board reshuffle: Rahul Ashokbhai Jain appointed as Managing Director and Chairman for 5 years; Sumita Rahul Jain as new CFO; previous MD Arvind Goenka and CFO Pulkit Goenka resigned. New statutory auditor M/s Rajesh J Shah and Associates for 5 years. New MOA and AOA adopted subject to shareholder approval.